Gross Domestic Product — Value US$ in Somalia
Somalia: Gross Domestic Product — Value US$ was 12,506 million USD in 2024. ◆ Volatile
Gross Domestic Product — Value US$ in Somalia, 1970–2024
Source: Food and Agriculture Organization of the United Nations. Measured in million USD.
Analysis
The most recent figure for gross domestic product — value us$ in Somalia is 12,506 million USD, measured in 2024. That is the highest value across all 55 years on record.
That represents a change of up 14.0% on the previous year and up 115.3% over ten years.
Over the whole period, gross domestic product — value us$ in Somalia peaked at 12,506 million USD in 2024 and was at its lowest, 341.03 million USD, in 1970.
That places Somalia 143rd out of 203 countries with data for 2024, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Gross Domestic Product — Value US$ in Somalia, year by year
| Year | million USD | Change |
|---|---|---|
| 1970 | 341.03 million USD | — |
| 1971 | 347.04 million USD | +1.8% |
| 1972 | 447.88 million USD | +29.1% |
| 1973 | 483.7 million USD | +8.0% |
| 1974 | 572.5 million USD | +18.4% |
| 1975 | 757.02 million USD | +32.2% |
| 1976 | 871.34 million USD | +15.1% |
| 1977 | 444.01 million USD | -49.0% |
| 1978 | 502.81 million USD | +13.2% |
| 1979 | 517.37 million USD | +2.9% |
| 1980 | 574.22 million USD | +11.0% |
| 1981 | 667.92 million USD | +16.3% |
| 1982 | 728.81 million USD | +9.1% |
| 1983 | 669.68 million USD | -8.1% |
| 1984 | 716.5 million USD | +7.0% |
| 1985 | 809.61 million USD | +13.0% |
| 1986 | 808.19 million USD | -0.2% |
| 1987 | 911.76 million USD | +12.8% |
| 1988 | 976.15 million USD | +7.1% |
| 1989 | 1,053 million USD | +7.9% |
| 1990 | 1,118 million USD | +6.2% |
| 1991 | 717.98 million USD | -35.8% |
| 1992 | 709.3 million USD | -1.2% |
| 1993 | 1,260 million USD | +77.7% |
| 1994 | 1,481 million USD | +17.5% |
| 1995 | 1,535 million USD | +3.6% |
| 1996 | 1,792 million USD | +16.8% |
| 1997 | 2,192 million USD | +22.3% |
| 1998 | 2,962 million USD | +35.1% |
| 1999 | 3,046 million USD | +2.8% |
| 2000 | 3,413 million USD | +12.1% |
| 2001 | 2,253 million USD | -34.0% |
| 2002 | 2,193 million USD | -2.7% |
| 2003 | 2,837 million USD | +29.4% |
| 2004 | 3,860 million USD | +36.1% |
| 2005 | 4,683 million USD | +21.3% |
| 2006 | 5,027 million USD | +7.3% |
| 2007 | 5,431 million USD | +8.0% |
| 2008 | 5,914 million USD | +8.9% |
| 2009 | 2,949 million USD | -50.1% |
| 2010 | 2,688 million USD | -8.8% |
| 2011 | 2,906 million USD | +8.1% |
| 2012 | 4,042 million USD | +39.1% |
| 2013 | 4,920 million USD | +21.7% |
| 2014 | 5,808 million USD | +18.0% |
| 2015 | 6,628 million USD | +14.1% |
| 2016 | 7,391 million USD | +11.5% |
| 2017 | 8,252 million USD | +11.6% |
| 2018 | 7,873 million USD | -4.6% |
| 2019 | 8,655 million USD | +9.9% |
| 2020 | 8,628 million USD | -0.3% |
| 2021 | 9,484 million USD | +9.9% |
| 2022 | 10,203 million USD | +7.6% |
| 2023 | 10,969 million USD | +7.5% |
| 2024 | 12,506 million USD | +14.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 528.47 million USD | 341.03 million USD | 871.34 million USD | 10 |
| 1980s | 791.59 million USD | 574.22 million USD | 1,053 million USD | 10 |
| 1990s | 1,681 million USD | 709.3 million USD | 3,046 million USD | 10 |
| 2000s | 3,856 million USD | 2,193 million USD | 5,914 million USD | 10 |
| 2010s | 5,916 million USD | 2,688 million USD | 8,655 million USD | 10 |
| 2020s | 10,358 million USD | 8,628 million USD | 12,506 million USD | 5 |
Countries ranked near Somalia
- 140 Namibia 13,311 million USD compare
- 141 South Sudan 12,979 million USD compare
- 142 Equatorial Guinea 12,538 million USD compare
- 144 Malawi 10,928 million USD compare
- 145 Mauritania 10,766 million USD compare
- 146 Monaco 10,764 million USD compare
More economy & growth data for Somalia
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 1.52 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 4.5 Percent per annum (2029)
- Net primary income (Net income from abroad) (current LCU), annual -122.47 % change on previous year (2025)
- Taxes less subsidies on products (current US$), annual growth rate -22.18 % change on previous year (1990)
- Taxes less subsidies on products (current US$), per unit of GDP 0.0368 current US$ per US$ of GDP (1990)
- Taxes less subsidies on products (current US$), per capita 5.36 current US$ per person (1990)
- Taxes less subsidies on products (current LCU), annual growth rate 188.11 % change on previous year (1990)
- Taxes less subsidies on products (current LCU), per unit of GDP 69.76 current LCU per US$ of GDP (1990)
- Taxes less subsidies on products (current LCU), per capita 10,157 current LCU per person (1990)
- Special drawing rights per domestic currency (End-of-period (EoP)) 0 (2017)
Frequently asked questions
- What is gross domestic product — value us$ in Somalia?
- Gross domestic product — value us$ in Somalia was 12,506 million USD in 2024, according to Food and Agriculture Organization of the United Nations.
- What is the highest gross domestic product — value us$ recorded in Somalia?
- The highest recorded value was 12,506 million USD in 2024.
- What is the lowest gross domestic product — value us$ recorded in Somalia?
- The lowest recorded value was 341.03 million USD in 1970.
- How does Somalia rank for gross domestic product — value us$?
- Somalia ranks 143rd out of 203 countries with data for 2024.
- Is gross domestic product — value us$ rising or falling in Somalia?
- Over the last ten years it is up 115.3%. The long-run trend across the full record is volatile.
- Where does this Somalia data come from?
- The figures come from Food and Agriculture Organization of the United Nations, published as part of Gross Domestic Product — Value US$. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 55 observations, free to reuse under CC BY-NC-SA 3.0 IGO (FAO).
About this data
The FAOSTAT Macro Indicators database provides a selection of country-level macro indicators relating to total economy (Gross Domestic Product, Gross Fixed Capital Formation); agriculture activity; agriculture, forestry and fishing activity; total manufacturing activity; manufacturing of food products and beverages activity; manufacturing activity of tobacco products; and manufacturing activity of food, beverage and tobacco products.It releases time series for a selection of National Accounts variables, including gross domestic product, gross fixed capital formation, industry-level value added and gross output. The database also proposes additional indicators such as gross domestic product per capita, year-on-year growth rates and measures of industry contribution to gross domestic product. All data relating to Gross Domestic Product, Gross Fixed Capital Formation, agriculture, forestry and fishing activity, and to total manufacturing activity originates from the United Nations Statistics Division (UNSD) National Accounts Estimates of Main Aggregates database, which consists of a complete and consistent set of time series of the main National Accounts aggregates of all UN Members States and other territories in the world for which National Accounts information is available. The UNSD database's content is based on the countries' official National Accounts data reported to UNSD through the annual National Accounts Questionnaire, supplemented with data estimates for any years and countries with incomplete or inconsistent information (See http://unstats.un.org/unsd/snaama/Introduction.asp). Data series relating to the sub-industry Agriculture activity are obtained from the UNSD national accounts Official Country Data databases while series on the Manufacturing activity of food and beverages products, manufacturing activity of tobacco products and manufacturing activity of food, beverages and tobacco products originates from the United Nations Industrial Development Organization (UNIDO) INDSTAT2 database. In order to ensure that sub-industry series are consistent in levels with National Accounts based series, which is needed to support comparability across industries (agriculture vs. agro-industry and sub-industries), UNIDO originating series are rescaled on UNSD National Accounts Estimates of Main Aggregates data series (See Section 17.5 for a more detailed description of the data processing steps).